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Massachusetts Residents Are About to Receive Rebates

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If you are a resident of Massachusetts, and you have health insurance coverage, you might be getting an insurance rebate soon! This is thanks to the Affordable Care Act that requires health insurance companies to spend at least 80% of the money they get from premiums on actual health care for their customers. Insurers who failed to do that have to send out rebates. The medical loss ratio, or MLR, is a regulation that is part of the Affordable Care Act. It went into effect in 2011. The purpose of the law was to prevent insurance companies from spending the … Continue reading →

Insurance Blog Week in Review – May 27 – June 2, 2012

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The Insurance Blog Week in Review provides you with a quick and easy way to “ketchup” on all the blogs that appeared here in the past week. There can be anywhere between twelve and fourteen different blogs that go up. What did you miss? Lloyd’s of London Denied Coverage for Bill Paxton The insurer that is well known for approving of all kinds of strange insurance policies denied a request made by Bill Paxton for life insurance. CalPERS Will Offer Coverage for Same-Sex Couples The California retirement fund for state employees will now be able to offer long-term care insurance … Continue reading →

Tennessee Residents Are About to Receive Rebates

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If you live in Tennessee, you might be getting some mail from your health insurance company soon. This particular piece of mail will be good news! Residents in Tennessee are about to receive a rebate from their health insurance companies. This is due to the medical loss ratio in the Affordable Care Act. Will you be getting a health insurance rebate this year? About 200,000 residents of the state of Tennessee are going to be receiving a rebate from their health insurance company. Whether or not you will receive one depends mostly on if your health insurer met the requirements … Continue reading →

Insurance Blog Week in Review – April 22 – 28, 2012

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At the end of every week, the Insurance Blog Week in Review gives you a quick and easy way to “ketchup” on all of the articles that hit the blog in the past week. There can be anywhere between 12 and 14 different blogs that have appeared. What did you miss this week? Renters Insurance Doesn’t Cover Bug Infestation A family in Bakersfield, California, rented a home that was infested with bugs. The entire family is suffering from scabies, and ended up throwing away their contaminated property. Would renters insurance covered any of this? Unfortunately, it would not. The Insurance … Continue reading →

Things to Know About Health Insurance Rebates

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Part of the Affordable Care Act includes something called the medical loss ratio. Health insurance companies who fail to meet the requirements of the ratio have to issue rebates to their customers. Those rebates are supposed to go out in August of this year. Here are things you should know about the health insurance rebates. The medical loss ratio is a portion of the Affordable Care Act that went into affect in 2011. It was created to prevent health insurance companies from spending the majority of the money that their customers paid in premiums on things like employee salaries, advertisement, … Continue reading →